|
Report No. : |
319450 |
|
Report Date : |
27.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
DOOSAN INFRACORE CO., LTD. |
|
|
|
|
Registered Office : |
489, Injung-ro, Dong-gu, Incheon, Korea,
401-804 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
23.10.2000 |
|
|
|
|
Com. Reg. No.: |
401-804 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Subject is manufacture of Civil Engineering and Similar Machine
Equipment |
|
|
|
|
No. of Employee : |
5,611 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible economic growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion-dollar club of world economies, and is currently the world's 12th largest economy. A system of close government and business ties, including directed credit and import restrictions, initially made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea's development model, including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 7% in 1998, and then recovered by 9% in 1999-2000. South Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. South Korea's export focused economy was hit hard by the 2008 global economic downturn, but quickly rebounded in subsequent years, reaching over 6% growth in 2010. The US-Korea Free Trade Agreement was ratified by both governments in 2011 and went into effect in March 2012. Between 2012 and 2014, the economy experienced sluggish growth because of external market slowdowns. The administration in 2015 is likely to face the challenge of balancing heavy reliance on exports with developing domestic-oriented sectors, such as services. The South Korean economy's long-term challenges include a rapidly aging population, inflexible labor market, dominance of large conglomerates (chaebols), and the heavy reliance on exports, which comprise about half of GDP.
|
Source
: CIA |
|
Company Name |
DOOSAN INFRACORE CO., LTD. |
|
Registered Address |
489, Injung-ro, Dong-gu, Incheon, Korea (Old Address System : 7-11, Hwasu 1-dong,
Dong-gu, Incheon, Korea) |
|
Building |
|
|
Zip Code |
401-804 |
|
Tel |
+82-32-211-1114 |
|
Fax |
+82-32-211-1231 |
|
E-mail |
infracore_master@doosan.com |
|
Website |
www.doosaninfracore.co.kr |
|
Trading Address |
Doosan Tower 22th~26th FL. 275, Jangchungdan-ro, Jung-gu, Seoul, Korea (Old Address System : Doosan Tower 22th~26th FL. 18-12, Euljiro-6ga,
Jung-gu, Seoul, Korea) |
|
Tel |
+82-2-3398-8114 |
|
Fax |
+82-2-3398-8117 |
|
Other Address-Changwon Factory1 |
601-3, Namsan-dong, Changwon,
Kyongsangnam-do, Korea |
|
Tel |
+82-55-280-4114 |
|
Fax |
+82-55-287-1140 |
|
Other Address-Changwon Factory 2 |
24, Seongju-dong, Seongsan-gu,
Changwon-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-2806114 |
|
Fax |
+82-55-2806118 |
|
Other Address-Changwon Factory 3 |
82, Daewon-dong, Changwon,
Kyongsangnam-do, Korea |
|
Tel |
+82-55-270-0497 |
|
Fax |
+82-55-273-0141 |
|
Other Address-Parts Center |
85-1, Palgok Ei-dong, Ansan, Kyunggi-do,
Korea |
|
Tel |
+82-31-400-2114 |
|
Fax |
+82-31-400-2040 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Civil Engineering and Similar Machine Equipment |
|
Main Business |
Excavator, Wheel Loaders, Tower Cranes, Concrete Pump Trucks, Diesel Engines,
Machine Tools, SSL(Skid-Steer Loader), CTL(Compact Truck Loader) |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
10/23/2000 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Forklifts(24101603) |
|
Sell |
Track excavators(22101526) |
|
Sell |
Tower cranes(24101623) |
|
Sell |
Crawler drills(20111604) |
|
Sell |
Earth moving machinery(22101500) |
|
Sell |
Antiaircraft missiles(46121502) |
|
Sell |
Paving equipment(22101600) |
|
Sell |
Diesel engines(26101504) |
|
Sell |
Skid steer loaders(22101529) |
|
Sell |
Defense and Law Enforcement and Security and
Safety Equipment and Supplies(46000000) |
|
Sell |
Lathes(23171606) |
|
Sell |
Hydraulic cylinders(27121602) |
|
Sell |
Hydraulic pumps(40151533) |
|
Sell |
Industrial trucks(24101500) |
|
Sell |
Engines(26101500) |
|
Buy |
Iron plate(30102203) |
|
Buy |
Bolts(31161600) |
|
Buy |
Grease(15121902) |
|
Buy |
Stainless steel plate(30102205) |
|
Buy |
Bearings(31171500) |
|
Buy |
Motors(26101600) |
|
Buy |
Pipe(40142100) |
|
Buy |
Nuts(31161700) |
|
Name |
Lee Oh-Kyu |
|
Address |
|
|
Date of Birth |
02/05/1955 |
|
Title |
Co-President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
1,037,276,570,000 |
||||||||||||||||||
|
Employees |
5,611 |
||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange:
042670) as of 02/2001 A Company of DOOSAN GROUP |
||||||||||||||||||
|
Bank Details |
Korea Development Bank 16-3, Youido-Dong, Youngdungpo-Gu, Seoul
150-010 Korea Tel: 82-2-787-5000 Hana Bank-HQ Branch Citibank, Korea |
||||||||||||||||||
|
Corporate Registered No. |
120111-0234469 |
||||||||||||||||||
|
Business Registered No. |
121-81-40254 |
||||||||||||||||||
|
Permit & Licenses |
10/2007 GD Mark (HP5100) Int’l Trade No.: 14072949 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
06/2011 Separated New Vehicle Products Business, and established
Doosan Industrial Vehicle Co., Ltd.(120111-0567183) 12/31/2008 Separated Defense Products Business Group and established
DOOSAN DST CO., LTD.(194211-0096322) 09/2008 Acquired ATL(Germany) 08/2008 Moxy, a Norwegian large size dump truck company, acquired. 12/2007 Doosan Infracore China Co. (DICC) produces and sells more than
10,000 excavators in a year. 11/2007 US$2 Billion Export Tower received on Trade Day. 11/2007 Ingersoll-Rand’s compact construction equipment unit acquired,
along with two other units. 09/2007 Doosan Holdings Europe Ltd. established. 09/2007 Doosan Holdings International Ltd. established. 09/2007 Doosan Infracore International, Inc. (DII) established. 07/2007 Yantai Yuhua Machinery Ltd. acquired. 06/2007 Doosan Infracore India Private Ltd. established. 04/2007 Doosan Infracore (Suzhou) Co., Ltd. established. 03/2007 CTI, holder of original technology for HCNG engines, acquired. 01/2007 Doosan Mecatek’s Machine Tools Division acquired. 10/2006 Doosan Capital acquired. 09/2006 Doosan Infracore (China) investment Co., Ltd. Established as a
holding company. 09/2006 Doosan Infracore (China) investment Co., Ltd. Established as a
holding company. 12/2005 Established Doosan Infracore Co., Ltd. (rep. office) in Dubai 04/2005 Changed company name to the present name 11/2004 Awarded the USD 1 Billion Export Tower during the Trade Day 07/2003 Established Doosan Infracore Machine Tools Yantai Co., Ltd. in
Shandong, China 10/2000 The Machinery Division separated from Daewoo Heavy Industries
and launched as Daewoo Heavy Industries & Machinery. (*)The official date of separation was August 31, 1999. The operating
assets of the Daewoo Heavy Industries Machinery Division, overseas
subsidiaries’ investment securities and other real connections with asset
value were transferred to Daewoo Heavy Industries & Machinery, which
assumed responsibility for the above invested assets. |
||||||||||||||||||
|
Company History |
Before Separation 10/2000 200,000 units in aggregate production and shipment of
forklifts Exceeded 10/1999 Transfers Aerospace Business Division to Korea Aerospace
Industries, Ltd. 08/1999 Workout(management improvement activity) issued. 07/1999 Transferred from Train Business Division to Korea Rolling
Stock Corp. 12/1998 Won Prime Ministerial Award for exemplary industrial
cooperation with SMBs 05/1998 Developed Korean first large aperture reflective lens for
satellite camera use 07/1997 50,000 units in aggregate production of excavators exceeded 07/1997 100,000 units in aggregate export volume of forklifts exceeded 05/1994 Exported excavator technologies to Malaysian firm Tingming 07/1993 An-San A/S Center completed 01/1992 Construction of plant to produce hydraulic parts for
excavators completed 11/1990 Euro-Daewoo S.A. founded in Belgium (undertook CBM corp.) 11/1989 Construction of plant for FA equipment in Changwon and
Research Institute for National Defense Industry completed 02/1987 Initiated Exportation of excavators under original brand
'Solar' to Netherlands 08/1984 The second factory in Changwon completed 05/1983 Concluded OEM contract with Caterpillar corp. in U.S to supply
forklifts 02/1981 Technical Research Institute for Internal Combustion Engines
founded 06/1980 Developed Korean first CNC lathe. 12/1978 Research Institute for Internal Combustion Engines founded 10/1978 Initiated Exportation of construction equipment (3 excavators
and 3 forklifts to Sudan) 08/1977 Construction of a Machine tool factory in Changwon completed 06/1973 Bu-Kok Rolling Stock Co. Ltd acquired 08/1966 Listed in stock market 11/1964 Rolling stock business initiated 05/1963 Started with new name "Korean Machinery Industries
corp." as a public enterprise with 700 million won paid-in capital 12/1961 Trade union launched 05/1951 Designated as a public enterprise 04/1905 Construction of factories for metal cast, cast steel, forging
and rolling 06/1937 Chosun Machine Works founded |
|
Job Description |
Title |
Name |
Sex |
Nationality |
Date of Birth |
|
Co-President & CEO |
Mr. |
Sohn Dong-Yeon |
Male |
Korean |
- |
|
Co-President & CEO |
Mr. |
Lee Oh-Kyu |
Male |
Korean |
1955.02.05 |
|
Outside Director |
Mr. |
Lee Jae-Hoon |
Male |
Korean |
1955.09 |
|
Outside Director |
Mr. |
Yoon Se-Ri |
Male |
Korean |
1953.11 |
|
Outside Director |
Mr. |
Kwon Tae-Shin |
Male |
Korean |
1949.10. |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)2014 |
4,196,729,481,452 |
7,209,203,069,045 |
47,005,045,636 |
|
(*)2013 |
3,827,351,663,727 |
6,905,923,499,846 |
-120,358,197,949 |
|
(*)2012 |
4,243,618,747,416 |
6,763,982,432,945 |
-121,315,581,686 |
|
(*)2011 |
4,426,917,140,025 |
5,844,575,435,670 |
313,804,391,628 |
|
(*)2010 |
3,879,948,121,493 |
4,914,914,380,006 |
189,658,022,387 |
|
2009 |
2,663,206,050,082 |
4,778,605,166,032 |
-311,103,724,944 |
|
2008 |
3,963,378,988,959 |
4,925,628,714,013 |
-121,818,090,867 |
|
2007 |
3,719,881,302,554 |
3,207,322,840,200 |
180,261,608,250 |
|
2006 |
3,282,769,993,129 |
2,469,978,593,521 |
135,744,243,496 |
|
2005 |
2,815,255,982,612 |
2,465,146,467,288 |
135,575,945,101 |
|
2004 |
2,860,636,307,342 |
2,629,300,498,349 |
123,024,612,952 |
|
2003 |
2,314,055,733,840 |
2,530,076,117,219 |
164,250,569,319 |
(*)Figures are
based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
2,000,000,000,000 |
|
Paid-Up Capital(KRW) |
1,037,276,570,000 |
|
Total Issues Shares |
207,455,314 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total Assets |
7,209,203,069,045 |
6,905,923,499,846 |
6,763,982,432,945 |
|
Current
Assets |
1,610,658,194,797 |
1,468,533,310,673 |
1,667,332,695,337 |
|
Cash & Cash Equivalents |
6,674,494,998 |
15,342,892,954 |
143,504,026,265 |
|
Current Financial Instruments |
93,696,252,244 |
99,382,502,676 |
123,766,708,109 |
|
Marketable Financial Instruments |
7,279,322,191 |
10,470,000 |
0 |
|
Trade Receivables & Other
Receivables |
928,919,927,997 |
866,427,501,224 |
818,676,253,203 |
|
Derivatives |
7,003,830,675 |
41,768,446,180 |
73,226,197,464 |
|
Inventories |
485,665,135,268 |
428,473,766,018 |
475,827,128,429 |
|
Assets to be Sold |
|
279,322,191 |
1,675,933,149 |
|
Other Current Assets |
81,419,231,424 |
16,848,409,430 |
30,656,448,718 |
|
Non-Current
Assets |
5,598,544,874,248 |
5,437,390,189,173 |
5,096,649,737,608 |
|
Non-Current Financial Instruments |
2,011,500,000 |
2,011,500,000 |
2,011,500,000 |
|
Long-Term Marketable Financial
Instruments |
4,541,422,412 |
8,729,807,793 |
8,799,235,033 |
|
Other Non-Current Assets |
27,650,831,098 |
121,777,837,950 |
107,673,060,977 |
|
Derivatives |
100,821,253 |
1,776,066,413 |
4,525,583,392 |
|
Investment_Subsidiaries |
3,286,409,688,022 |
3,221,032,216,388 |
3,168,673,068,195 |
|
Tangibles |
1,623,714,594,685 |
1,581,032,241,648 |
1,332,097,578,596 |
|
Intangibles |
334,488,432,313 |
346,829,367,136 |
320,190,201,995 |
|
Investment_Real Estates |
27,374,497,403 |
27,622,848,319 |
27,871,356,394 |
|
Deferred Income Taxes |
250,941,337,260 |
83,839,255,569 |
82,826,044,138 |
|
Other Non-Current Assets |
41,311,749,802 |
42,739,047,957 |
41,982,108,888 |
|
Total
Liabilities |
4,643,677,547,574 |
4,331,045,539,441 |
4,620,963,083,765 |
|
Current
Liabilities |
1,991,223,329,631 |
1,694,385,625,949 |
2,168,430,365,862 |
|
Trade Payables & Other
Payables |
772,744,131,524 |
771,937,539,325 |
641,352,112,231 |
|
Short-Term Borrowings |
642,287,793,230 |
310,702,374,699 |
610,119,111,009 |
|
Current Portion of Debentures |
69,931,995,390 |
426,872,492,128 |
469,592,187,972 |
|
Current Portion of Long-Term Borrowings |
378,512,754,988 |
84,203,935,915 |
252,721,275,057 |
|
Derivatives |
19,637,387,037 |
938,951,636 |
831,659,358 |
|
Provisions |
27,465,733,177 |
20,926,284,662 |
21,211,052,359 |
|
Other Current Liabilities |
80,643,534,285 |
78,804,047,584 |
172,602,967,876 |
|
Non-Current
Liabilities |
2,652,454,217,943 |
2,636,659,913,492 |
2,452,532,717,903 |
|
Non-Current Financial Instruments |
11,855,841,382 |
18,892,339,653 |
26,493,308,892 |
|
Debentures |
1,794,159,102,926 |
1,661,085,676,311 |
1,585,861,248,159 |
|
Long-Term Borrowings |
693,664,293,093 |
763,581,667,480 |
627,952,707,899 |
|
Provision for Severance &
Retirement |
144,909,025,200 |
162,127,359,400 |
171,881,989,229 |
|
Non-Current Portion of Derivatives |
477,494,787 |
0 |
7,707,578 |
|
Other Non-Current Debts |
7,388,460,555 |
30,972,870,648 |
40,335,756,146 |
|
Capital
Stock |
1,037,276,570,000 |
1,037,276,570,000 |
843,290,170,000 |
|
Capital Surplus |
253,988,797,778 |
251,169,877,678 |
28,043,485,609 |
|
Other Securities |
508,259,603,649 |
508,259,603,649 |
508,259,603,649 |
|
Others |
-39,433,206,850 |
-38,675,339,158 |
-32,133,872,630 |
|
Installments |
139,891,412,504 |
182,013,819,248 |
52,538,597,516 |
|
Profit Surplus |
665,542,344,390 |
634,833,428,988 |
743,021,365,036 |
|
Total Equity |
2,565,525,521,471 |
2,574,877,960,405 |
2,143,019,349,180 |
|
Liab. & Shareholder’s Equity |
7,209,203,069,045 |
6,905,923,499,846 |
6,763,982,432,945 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
4,196,729,481,452 |
3,827,351,663,727 |
4,243,618,747,416 |
|
Cost of Sold Goods |
3,450,047,082,922 |
3,203,426,646,682 |
3,525,418,190,327 |
|
Gross Profit |
746,682,398,530 |
623,925,017,045 |
718,200,557,089 |
|
Selling & Admin.
Expenses |
652,346,699,148 |
643,439,159,088 |
664,509,175,436 |
|
Operating Income |
94,335,699,382 |
-19,514,142,043 |
53,691,381,653 |
|
Finance Income |
136,042,244,054 |
132,824,158,760 |
184,109,792,546 |
|
Finance Expenses |
287,779,576,519 |
280,765,356,101 |
343,461,165,817 |
|
Other Non-Operating
Income |
16,707,682,819 |
53,489,624,739 |
20,955,509,941 |
|
Other Non-Operating
Expenses |
19,780,283,671 |
32,490,127,328 |
48,798,220,845 |
|
Profits from Disposal of Subsidiaries' Stocks |
0 |
-21,073,868,864 |
-46,115,001,234 |
|
Losses from Disposal of Subsidiaries' Stocks |
-46,130,974,095 |
0 |
-31,561,228,695 |
|
Income Before Taxes |
-106,605,208,030 |
-167,529,710,837 |
-211,178,932,451 |
|
Income Taxes Expenses |
-153,610,253,666 |
-47,171,512,888 |
-89,863,350,765 |
|
Income from
Continuous Business |
47,005,045,636 |
-120,358,197,949 |
-121,315,581,686 |
|
Net Income |
47,005,045,636 |
-120,358,197,949 |
-121,315,581,686 |
Cash Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Operating Activities Cash Flows |
-78,180,283,405 |
63,093,368,099 |
-286,622,699,397 |
|
Cash Flows from
Operating |
71,974,179,439 |
189,832,951,039 |
-143,821,154,735 |
|
Net Income |
47,005,045,636 |
-120,358,197,949 |
-121,315,581,686 |
|
Adjustment |
257,540,488,549 |
323,226,632,670 |
247,874,550,803 |
|
Changes in Asset/
& Liability |
-232,571,354,746 |
-13,035,483,682 |
-270,380,123,852 |
|
Interests Received |
9,186,052,884 |
10,748,288,503 |
10,972,610,270 |
|
Interests Paid |
-157,668,470,706 |
-151,691,535,017 |
-134,434,687,326 |
|
Dividends Received |
9,000,000 |
1,027,636,796 |
51,593,652,323 |
|
Income Taxes |
-1,681,045,022 |
13,176,026,778 |
-70,933,119,929 |
|
Cash
Flows from Investing |
-216,655,061,261 |
-294,667,338,776 |
-1,228,428,311,690 |
|
Cash Inflow from
Investing |
103,783,300,460 |
26,793,862,396 |
71,920,043,225 |
|
Cash Outflows for
Investing |
-320,438,361,721 |
-321,461,201,172 |
-1,300,348,354,915 |
|
Cash
Flows from Financing |
287,948,100,455 |
101,824,170,943 |
1,498,341,748,593 |
|
Cash Inflows from
Financing |
829,034,294,985 |
1,286,415,016,169 |
1,956,665,403,804 |
|
Cash Outflows from
Financing |
-541,086,194,530 |
-1,184,590,845,226 |
-458,323,655,211 |
|
Increase/Decrease in Cash |
-8,668,397,956 |
-128,161,133,311 |
-18,300,207,304 |
|
Cash at the Beginning of Year |
15,342,892,954 |
143,504,026,265 |
161,804,233,569 |
|
Cash at the End of Year |
6,674,494,998 |
15,342,892,954 |
143,504,026,265 |
|
Main Products & Services |
BUSINESS GROUPS -Construction Equipment -Machine Tools -Forklifts -Engines & Materials -Defense Products (Separated and
established as DOOSAN DST CO., LTD.(194211-0096322)) Brand Name : Doosan Infracore, Bobcat, Moxy |
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Detailed Products Spec. |
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Technologies Acquired |
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Trade
Partners & Competitors
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Suppliers |
HANSUNG ECONET CO., LTD. 168, WONNAM-RI,
EUMBONG-MYEON ASAN-SI CHUNGNAM-DO 336-864 KOREA TEL: 82-41-541-5733 FAX: 82-41-541-5738 INDUSTRY: MANUFACTURE OF
AGRICULTURAL AND FORESTRY MACHINERY JINSUNG T.E.C 538-5, SEGYO-DONG,
PYEONGTAEK-SI, GYEONGGI-DO 450-818 KOREA TEL: 82-31-658-0100 FAX: 82-31-658-0106 INDUSTRY: MANUFACTURE OF CIVIL
ENGINEERING AND SIMILAR MACHINE EQUIPMENT NGVI, INC. 300-14 CHANGCHON-RI
NAMSAN-MYEON CHUNCHEON-SI GANGWON-DO 200-911 KOREA TEL: 82-33-260-3400 FAX:
82-33-261-9184 FINE A.T.C CO., LTD. 853-10, OE-DONG,
CHANGWON-SI, GYEONGNAM-DO 641-020 KOREA TEL: 82-55-239-3500 FAX: 82-55-264-9615 INDUSTRY: MANUFACTURE OF
ALL OTHER SPECIAL PURPOSE MACHINERY, N.E.C. DONGYANG MECHATRONICS
CORP. 616-4, NAMCHON-DONG,
NAMDONG-GU, INCHON 405-846 KOREA TEL: 82-32-810-4100 FAX: 82-32-812-4200 INDUSTRY: MANUFACTURE OF
PARTS AND ACCESSORIES FOR MOTOR ENGINES |
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Customers |
DEFENSE PROCUREMENT AGENCY 15 YONGSAN-DONG 2-GA YONGSAN-GU SEOUL 140-841 KOREA TEL: 82-2-2079-6239 FAX: 82-2-773-7587 INDUSTRY: WEAPON / MILITARY EQUIPMENT DAEWOO BUS TATA MOTOR KOMASTU |
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Competitors |
VOLVO HYUNDAI HEAVY INDUSTRIES WIA HWACHEON TONGIL SMEC CLARK DONG MYUNG HEAVY INDUSTRIES |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates-Dometic |
DOOSAN CO.,LTD(110111-0013774) SRS KOREA CO., LTD.(110111-3139733) DOOSAN HEAVY INDUSTRIES & CONSTRUCTION
CO.,LTD(194211-0000943) DOOSAN ENGINE CO., LTD(194211-0038423) DOOSAN MECATEC., LTD.(110111-0126022) DOOSAN CONSTRUCTION & ENGINEERING
CO.,LTD.(110111-0194277) SAEJAE DEVELOPMENT CO., LTD(110111-1074048) NEO TRANS CO., LTD.(131111-0141801) SAMHWA CROWN & CLOSURE
CO.,LTD(134111-0003462) REXCON CO.,LTD.(110111-3586273) ORICOM INC(110111-0176986) DOOSAN BEARS INC(110111-0346919) NEOPLUX CO., LTD.(110111-1927841) N.SHAPER(110111-1943574) GLOBAL LOGISTICS CO., LTD.(110111-1235749) DOOSAN CUVEX CO.,LTD(140111-0032570) DOOSAN MOTORS CORP.(110111-3008293) DONG HYUN ENGINEERING
CO.,LTD.(110111-0508329) DOOSAN MOTTROL HOLDINGS CO., LTD.(110111-3892505) DOOSAN DST CO., LTD.(194211-0096322) DOOSAN CAPITAL CO.,LTD.(110111-1220336) (19.99% held by the subject company) KOREA AEROSPACE INDUSTRIES, LTD.(110111-1827570) (22.23% held by the subject company) |
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Affiliates-Overseas |
DOOSAN INFRACORE EUROPE S.A (99.65% held by the subject company) DOOSAN INFRACORE AMERICA CORP. (100.0% held by the subject company) DOOSAN INFRACORE CHINA CO., LTD (90.0% held by the subject company) DOOSAN INFRACORE MACHINE TOOLS YANTAI CO.,
LTD. (90.0% held by the subject company) DOOSAN INFRACORE GERMANY GMBH (100.0% held by the subject company) DOOSAN INFRACORE JAPAN CORP. (100.0% held by the subject company) DOOSAN INFRACORE (CHINA) INVESTMENT CO.,
LTD. (100.0% held by the subject company) DAEWOO MACHINERY CO., LTD.(TAIWAN) (100.0% held by the subject company) DAEWOO MAQUINAS E EQUIOMENTOS LTDA (BRAZIL) (70.0% held by the subject company) DOOSAN INFRACORE XINJIANG MACHINERY CO.,
LTD. (60.0% held by the subject company) DAJIAN(TIANJIN) MECHANICAL CONSTRUCTION
CO., LTD. (60.0% held by the subject company) DOOSAN INFRACORE INTERNATIONAL, INC. (51.85% held by the subject company) DOOSAN HOLDINGS EUROPE LTD. (51.85% held by the subject company) DOOSAN INFRACORE INDIA PRIVATE LTD. (99.99% held by the subject company) DOOSAN INFRACORE SOUTH AFRICA PTY LTD. DOOSAN INFRACORE INTERNATIONAL, INC. (DII) (BOBCAT, DI PORTABLE POWER, DII
ATTACHMENTS) (*)As a core strategy for global growth,
Doosan Infracore completed the M&A with Ingersoll-Rand’s 3 Business Units
(Bobcat, DI Portable Power, DII Attachments) in November 2007 and established
Doosan Infracore International, Inc.(DII), a holding company controlling the
management of these 3 Business Units. |
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Overseas Office |
DOOSAN INFRACORE XINJIANG MACHINERY CO.,
LTD. NO. 178, HETANBEI ROAD, WURUMUQI, XINJIAN,
CHINA TEL : +86-991-469-7217 FAX :
+86-991-469-8641 DAIJIAN(TIANJIN) MECHANICAL CONSTRUCTION
CO., LTD. NO. 87, GONGXING ROAD, TANGGU, TIANJIN,
CHINA TEL : +86-222-521-0540 FAX :
+86-222-521-0714 DOOSAN INFRACORE CHINA CO., LTD. NO. 28, WUZHISHAN ROAD, ECO & TECH.
DEVELOPMENT ZONE, YANTAI, SHANDONG, CHINA TEL : +86-535-698-2000 FAX :
+86-535-638-2004 DOOSAN INFRACORE MACHINE TOOLS YANTAL CO.,
LTD. #1, DAYU ROAD 1, ECO & TECH.
DEVELOPMENT ZONE, YANTAI, SHANDONG, CHINA TEL : +86-535-693-5000 FAX : +86-535-693-5619 DOOSAN INFRACORE LIAONING MACINERY CO.,
LTD. NO. 32, DONGLING ROAD, DONGLING DISTRICT,
SHENYANG, LIAONING, CHINA TEL : +86-24-8841-1407 FAX :
+86-24-8841-1404 DOOSAN INFRACORE AMERICA CORP. 2905 SHAWNEE INDUSTRIAL WAY, SUWANEE,
GEORGIA 30024, U.S.A. TEL : +1-770-831-2200 FAX : +1-770-831-0480 DOOSAN INFRACORE AMERICA CORP.(FORKLIFTS) 4350 RENAISSANCE PARKWAY, WARRENSVILLE
HEIGHTS, OH 44128, U.S.A. TEL : +1-216-595-1212 FAX : +1-216-595-1214 DOOSAN INFRACORE AMERICA CORP.(MACHINE TOOL
BG) 8 YORK AVENUE, WEST CALDWELL, NEW JERSEY
07006, U.S.A. TEL : +1-973-618-2500 FAX : +1-973-618-2501 |
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Overseas Office |
DOOSAN INFRACORE U.K. LTD. DAEWOO HOUSE, UNIT 6.3, NANTGARW PARK,
CARDIFF CF4 7QU, U.K. TEL : +44-1443-84-2273 FAX :
+44-1443-84-1933 DOOSAN INFRACORE EUROPE S.A. 1A, RUE ACHILLE DEGRACE 7080 FRAMERIES
BELGIUM TEL : +32-65-61-3230 FAX : +32-65-61-3238 DOOSAN INFRACORE EUROPE S.A. FRANCE ZAC DE LA CLEF ST. PIERRE - BUROPLUS 2 1A
AVENUE JEAN D'ALEMBERT 78990 ELANCOURT FRANCE TEL : +33-1-3016-2151 FAX : +33-1-3016-2155 DOOSAN INFRACORE EUROPE S.A. ITAILA
(FORKLIFTS) VIA MONFALCONE, 41 20092 CINISELLO
BALSAMO(MI) TEL : +39-02-6120565 FAX : +39-02-6126322 DOOSAN INFRACORE GERMANY GMBH HANS-BOCKLER STRASSE 29, D-40764,
LANGENFELD-FUHRKAMP, GERMANY TEL : +49-2173-8509-20 FAX :
+49-2173-8509-60 DOOSAN INFRACORE SOUTH AFRICA PTY LTD. 60C ELECTRON AVENUE ISANDO 1600,
JOHANNESBURG, SOUTH AFRICA TEL : +27-11-974-2095 FAX : +27-11-974-2778 DOOSAN INFRACORE JAPAN CORP. 2402, MITA KOKUSAI BLD., 1-4-28, MITA,
MINATO-KU TOKYO 108-0073, JAPAN TEL : +81-3-5730-9013 FAX : +81-3-5730-9016 DOOSAN INFRACORE EUROPE S.A. GERMANY
(FORKLIFTS) HEINRICH-VON-STEPHAN-STR.2 40764 LANGENFELD
GERMANY TEL : +49-2173-2035220 FAX : +40-2173-2035229
DOOSAN INFRACORE EUROPE S.A. (FORKLIFTS) EUROPARK NOORD 36 9100 SINT - NIKLAAS
BELGIUM TEL : +32-3-760-0987 FAX : +32-3-760-0989 |
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Liaison Office |
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Overseas Branch |
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Joint Venture |
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Subsidiary |
DOOSAN INFRACORE EUROPE S.A (99.65% held by the subject company) DOOSAN INFRACORE AMERICA CORP. (100.0% held by the subject company) DOOSAN INFRACORE CHINA CO., LTD (90.0% held by the subject company) DOOSAN INFRACORE MACHINE TOOLS YANTAI CO.,
LTD. (90.0% held by the subject company) DOOSAN INFRACORE GERMANY GMBH (100.0% held by the subject company) DOOSAN INFRACORE JAPAN CORP. (100.0% held by the subject company) DOOSAN INFRACORE (CHINA) INVESTMENT CO.,
LTD. (100.0% held by the subject company) DAEWOO MACHINERY CO., LTD.(TAIWAN) (100.0% held by the subject company) DAEWOO MAQUINAS E EQUIOMENTOS LTDA (BRAZIL) (70.0% held by the subject company) DOOSAN INFRACORE XINJIANG MACHINERY CO.,
LTD. (60.0% held by the subject company) DAJIAN(TIANJIN) MECHANICAL CONSTRUCTION
CO., LTD. (60.0% held by the subject company) DOOSAN INFRACORE INTERNATIONAL, INC. (51.85% held by the subject company) DOOSAN HOLDINGS EUROPE LTD. (51.85% held by the subject company) DOOSAN INFRACORE INDIA PRIVATE LTD. (99.99% held by the subject company) DOOSAN INTERNATIONAL KOREA LTD. (100.0% held by the subject company) DOOSAN BOBCAT CHILE (100.0% held by the subject company) DOOSAN INTERNATIONAL DO BRASIL COMMERCIAL (100.0% held by the subject company) DOOSAN INTERNATIONAL MEXICO S.A. DE C.V. (100.0% held by the subject company) DOOSAN INFRACORE BOBCAT IRELAND LTD. |
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Corporate Ownership |
DOOSAN CO.,LTD(110111-0013774) DOOSAN HEAVY INDUSTRIES & CONSTRUCTION
CO.,LTD(194211-0000943) |
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Major Shareholders |
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Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD(110111-0005078) MERITZ FIRE & MARINE INSURANCE CO., LTD.(110111-0013328) HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893) |
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Sales/ Unit :Mil KRW |
09/2010 |
2009 |
2008 |
|
Export |
1,906,317 |
1,724,447 |
1,502,457 |
|
Domestic |
1,242,792 |
938,759 |
2,460,922 |
|
Total |
3,149,109 |
2,663,206 |
3,963,379 |
The Subject exports to North America, Europe, Asia, Africa and CIS Countries.
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Court in New York, USA |
INGERSOLL-RAND COMPANY LIMITED |
The Subject Company |
Payment related to Bobcat |
USD31,831,882 |
Filed |
|
|
|
Seoul City, Seoul Metro |
The Subject Company, Rotem, Hyundai Mobis |
Claim for Damages |
6,800,000,000 KRW |
The Subject won and 3rd Round Proceeding. |
|
|
|
Penzenskoe Konstruktorskoye Byuro Modelirovaniya |
The Subject Company and Korea Aerospace Industries,
Ltd.(110111-1827570) |
Claim for Illegal Usage on S/W |
$49,749,048 |
The Subject has won at 1st round. |
There are cases
filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 15,850,000,000 KRW and
USD 49,749,000 as of 12/31/2014.
News Clipping
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.